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Tuesday, August 10, 2010

TATA MOTORS has performed superbly at consolidated level in the first quarter, though the results are not that glamourous at stand alone level.

Net Sales Income is Rs.10352 cr (Stand alone) – up by 63% from Q1 FY2010 (Rs.6350 Cr). The same at consolidated level is Rs.26876 Cr – up by 65% from Q1 FY2010 (Rs.16290 Cr).

Consumption of Raw Materials is Rs.5841 Cr (stand alone) – up by 53.6% from Q1 FY10 (Rs.3801.94 Cr), while the same at consolidated level is Rs.14853 Cr – up by 54.6% from Q1 FY10 (Rs.9610 Cr).

Purchase of Traded Goods has increased by 194.2% to Rs.1965 Cr from Q1 FY10 (Rs.668 Cr) – while the same at consolidated level is up by 27.6% to Rs.2526 Cr – from Q1 FY10 (Rs.1980 Cr).

Total Expenditure on stand alone basis is Rs.9568 Cr , up by 61.7% from q1 FY10 (Rs.5917 Cr) – while the same on consolidated basis is Rs.24212 Cr – up by 44.6% from Q1 FY10 (Rs.16738 Cr).

Profit from Operations on stand alone basis has increased by a huge 74% on stand alone basis to Rs.848 Cr from Q1 FY10(Rs.488 Cr) – while the same has increased by a FANTASTIC 933.2% to Rs.2843.85 Cr from Q1 FY10(Rs.-341.33 Cr).

But, Other Income has fallen by 78.3% to Rs.69.30 Cr from Q1 FY10 (Rs.319.36 Cr) – and the same on consolidated basis has fallen by 89.2% to Rs.34.55 Cr from Q1 FY10(Rs.321.07 Cr).

There is also a good increase in Exceptional Items expenditure by 1091% to Rs.65.98 Cr from Rs.5.54 Cr on stand alone basis – while the SAME on consolidated basis is Rs.41.36 Cr UP from Q1 FY10 (Rs.-333.92 Cr).

Tax expense during the quarter is Rs.141.93 Cr against Rs.34.28 cr only in Q1 FY10 (+314%); while the same on consolidated basis is Rs.296.02 cr against Rs.64.26 cr in Q1 FY10(+360.7%)

Profit before tax is Rs.537.65 Cr against Rs.548.04 Cr in Q1 FY10 (-1.9% only) – while PBT on consolidated basis is a huge 943.2% up at Rs.2275.44 Cr from Q1 FY10 ( Rs.-269.86 Cr).

Thus, TATA MOTORS has decidedly turned the corner on consolidated basis and that too in a resounding manner. On stand alone basis, while Net sales has increased handsomely, the same failed to reflect in net profits due to increase in raw materials, higher tax expense etc.

Equity has increased by 11% during the period. After this, on a face value of Rs.10, the Basic EPS is Rs.6.88 against Rs.9.93 in Q1 FY10 (-30.7%). But, the EPS on consolidated Basis is Rs.34.8, a huge increase rom Rs.(-)6.4 in Q1 FY10.

Reflecting the same, the market price has gone up to Rs.966 from the Prev. Close of Rs.919.40.

RESULTS IN FIGURES:

DETAILS

Jun-10

Jun-09

Dif%1

JUN'10 CS

JUN'09CS

Dif%2

Net Sales

1035187

635020

63

2687608

1628960

65

Other Operating Income

6439

5443

18.3

17949

10740

67.1

Increase/decrease in SIT & WIP

-45844

-19202

138.7

-33184

-33008

0.5

Consumption of Raw Materials

584057

380194

53.6

1485277

960993

54.6

Purchase of Traded Goods

196539

66813

194.2

252631

197987

27.6

Employees Cost

50980

39839

28

214887

204374

5.1

Depreciation

30737

22912

34.2

101154

84423

19.8

Other Expenditure

140323

101140

38.7

400407

259064

54.6

Total Expenditure

956792

591696

61.7

2421172

1673833

44.6

Profit from Operations

84834

48767

74

284385

-34133

933.2

Other Income

6930

31936

-78.3

3455

32107

-89.2

Profit before Interest & EI

91764

80703

13.7

287840

-2026

14307.3

Interest6

31401

25345

23.9

56160

58352

-3.8

Profit after Interest but before EI

60363

55358

9

231680

-60378

483.7

Exceptional Items7

6598

554

1091

4136

-33392

112.4

Profit before tax

53765

54804

-1.9

227544

-26986

943.2

Tax expense

14193

3428

314

29602

6426

360.7

Net Profit after tax

39572

51376

-23

197942

-33412

692.4

Net Profit

39572

51376

-23

198873

-32878

704.9

Face Value .Rs

10

10

0

10

10

0

Paid Up Equity

57060

51405

11

57060

51405

11

Basic EPS A EI

6.88

9.93

-30.7

34.8

-6.4

643.8

Diluted EPS A EI

6.59

9.2

-28.4

32.12

-6.4

601.9

Basic EPS B EI

6.88

9.93

-30.7

34.8

-6.4

643.8

Diluted EPS B EI

6.59

9.2

-28.4

32.12

-6.4

601.9

Public Shareholding (%)

51.16

45.52

12.4

51.15

-

Note : As always – readers are requested to give their views, suggestions, comments and corrections – which will be gratefully received.

10-08-2010 Tata Motors Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 2687608 lacs for quarter ending on 30-JUN-2010 against Rs. 1628960 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 198873 lacs for the quarter ending on 30-JUN-2010 against Rs. (32878) lacs for the quarter ending on 30-JUN-2009. -

10-08-2010 Tata Motors Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 1035187 lacs for quarter ending on 30-JUN-2010 against Rs. 635020 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 39572 lacs for the quarter ending on 30-JUN-2010 against Rs. 51376 lacs for the quarter ending on 30-JUN-2009.

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